Fixed income and money market funds saw the lion's share of inflows in May, with open-ended funds and ETFs across the asset classes seeing combined flows in excess of €70bn across Europe, according to the latest Money Monitor from Lyxor ETF.
Global fixed income topped the table with €17.5bn net new assets, followed by USD (€9.1bn), euro (€5.1bn) and emerging markets, which experienced outflows of €0.1bn from open-ended funds, but was buoyed by ETF inflows of €0.4bn. Although fixed income ETFs experienced a strong month, open-ended fixed income funds took the majority of inflows, bringing €31.8bn of the total €38bn net new assets, and all regions saw positive net inflows. Open-ended funds were the vehicle of choice for access to money market fixed income, gathering €34.6bn inflows, while money market ETFs negatively contri...
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